The loan will fund 1,500 of the Australia-based EV company’s curbside chargers in cities which will be free to use at a rate of seven kWh per day. The free charging is also funded by advertising on the charging stations. (The Logic)

Talking point: The project will bring Canada closer to the nearly 40,000 public chargers the country needs to build each year to meet its goal of eliminating new gas vehicle sales by 2035. CIB says it has spent about $650 million deploying 5,500 public fast charging ports. Jolt, which has a deal with Telus to install Wi-Fi capability on the chargers, built its first chargers in Ontario last year, bringing fresh competition to homegrown players like Flo. CIB investment director Melissa Chow said it didn’t use a procurement process for the loan, which was proposed by Jolt, but it will rely on Canadian workers to install the chargers.